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  •  Old Mutual Multi-Managers Aggressive Balanced Fund of Funds (A)
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-2.11  /  -0.96%

219.56

NAV on 2019/03/25
NAV on 2019/03/22 221.67
52 week high on 2018/09/03 231.71
52 week low on 2019/01/02 204.3
Total Expense Ratio on 2018/12/31 2.14
Total Expense Ratio (performance fee) on 2018/12/31 0
NAV Incl Dividends
1 month change 1.41% 1.41%
3 month change 6.47% 7.05%
6 month change -2.57% -2.04%
1 year change 1.19% 2.85%
5 year change 0% 0%
10 year change 0% 0%
Price data is updated once a day.
  • Sectoral allocations
Financials 8.29 1.53%
Fixed Interest 100.92 18.61%
General Equity 270.80 49.93%
Gilts 6.31 1.16%
Liquid Assets 5.74 1.06%
Spec Equity 150.27 27.71%
  • Top five holdings
U-SYMSAT3 122.00 22.5%
U-SISINTG 113.17 20.87%
LOCALUNITTEQT 71.41 13.17%
U-SYMINC3 43.59 8.04%
U-SYMINC4 42.74 7.88%
  • Performance against peers
  • Fund data  
Management company:
Old Mutual Unit Trust Managers (RF) (Pty) Ltd.
Formation date:
2015/07/31
ISIN code:
ZAE000207536
Short name:
U-OMSYAGB
Risk:
Unknown
Sector:
South African--Multi Asset--High Equity
Benchmark:
CPI
Contact details

Email
unittrusts@oldmutual.com

Website
http://www.omut.co.za

Telephone
021-503-7100

  • Fund management  
Coronation Asset Management
Orbis Investment Management Ltd.
Prescient Investment Management
Prudential Investment Managers

Visio Capital Management


  • Fund manager's comment

OM MM Aggressive Balanced FoF comment - May 2017

2017/07/14 00:00:00
The local equity market was essentially flat in May, ending the 12 months at only 3.0% up. While this return is disappointing, without the inclusion of Naspers in the FTSE/JSE Shareholder Weighted All Share Index (SWIX), the index would be negative year-on-year. Naspers has been a phenomenal performer, not only this year, but for the past 10 years. It continues to dominate and improve on its competitive position and market share in all of its key content categories. The share price performance reflects the good fundamental performance, perhaps a little more so in the short term. The Consumer Price Index increased 5.3% year-on-year in April, down from 6.1% in March, and has therefore moved within the South African Reserve Bank's (SARB) inflation target range (3.0% to 6.0%). Core consumer inflation, which excludes volatile food and fuel prices, decreased further to 4.8% - the lowest level since January 2013.
At the most recent Monetary Policy Committee (MPC) meeting, the South African Reserve Bank (SARB) kept interest rates steady at 7.0% as expected but the tone was less dovish than markets anticipated. In particular, the MPC highlighted risks from an uncertain global backdrop and domestic political developments, which appeared to dominate considerations of an increasingly benign inflation outlook. The MPC also trimmed their inflation forecast for 2017 to 5.7% (from 5.9%), while it expects inflation to average 5.3% in 2018 (down from 5.5%). They also trimmed our domestic growth rates a little, due to deteriorating business and consumer confidence, following the credit rating downgrades to 1.0% for 2017 and 1.5% next year.
Global equity markets continued to extend their gains in April, increasing by 17.5% in US dollars for the 12 months ending May but the strong rand (year-on-year) has tempered these to -1.7% in rand terms. Our bond market has performed well, and returned 13.4% for the 12 months ending May. Like equity, the local property market returned a disappointing 3.7% and cash returned a good 7.2% over the past 12 months.
  • Fund focus and objective  
This multi-managed fund of funds aims to produce significant inflation-beating returns over the long term through a strategy of flexible asset allocation to some of the best managers in the industry. The fund is ideal for long-term investors who do not want to manage their own asset allocation and believe in the benefit of investing with more than one manager. It may have maximum 75% exposure to equities and is by
virtue of its aggressive balanced nature likely to have an average equity exposure higher than the exposure typically displayed by most other multi-asset high equity portfolios. Derivatives may be used for risk management purposes.
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